Industry Overview
The 2025 full-year data shows that China’s LED display industry is entering a new stage of structural differentiation. Leading companies are no longer competing only on production scale, but also on profitability, overseas expansion, technology upgrades, and solution-based delivery.
Unilumin, Leyard, Absen, NovaStar, Hongli and NationStar remained among the major listed players by revenue. However, profit performance varied greatly across the industry, showing that revenue size alone does not fully reflect competitiveness.
Revenue Performance
Unilumin ranked first with RMB 8.09 billion in revenue, followed by Leyard with RMB 7.06 billion and Hongli with RMB 4.35 billion. Absen also delivered strong growth, reaching RMB 4.16 billion, supported by its global sales network and overseas market demand.
This shows that large-scale LED display companies still have strong market influence, especially in commercial display, rental LED screens, outdoor advertising, control rooms, sports venues, and cultural tourism projects.
Profitability Analysis
Profit performance was more differentiated. NovaStar delivered the strongest net profit, reaching about RMB 588 million, showing the high value of LED control systems and video processing technology. Leyard achieved RMB 307 million in net profit, with strong recovery compared with the previous year. Absen also performed well, with RMB 252 million in net profit.
At the same time, some companies remained under pressure. Ledman, NationStar, Fuman Micro and Ming Micro reported losses, reflecting challenges in price competition, product upgrades, inventory adjustment, and market demand fluctuations.
Key Industry Trends
The LED display industry is moving from low-price competition to higher-value competition. Overseas markets, COB, MIP, Mini LED, Micro LED, XR studios, conference displays, rental stages, and control room solutions are becoming important growth drivers.
For global buyers, this means choosing an LED supplier should not be based only on price. Product stability, technical capability, project experience, after-sales support, and complete LED display solutions are becoming more important.
Market Outlook
In the short term, the industry may still face pressure from price competition and uneven demand. However, in the medium and long term, China’s LED display supply chain remains highly competitive.
Companies with strong overseas channels, advanced technology, stable manufacturing capability, and solution-based service models are likely to gain more market share. The future of the LED display industry will be driven by quality, technology, global service, and application scenarios rather than simple capacity expansion.
Conclusion
The 2025 data shows a clear industry trend: China’s LED display sector is becoming more professional, more global, and more technology-driven. Leading companies are improving their competitiveness through overseas expansion, product innovation, and complete display solutions.
For international customers, China remains one of the most important LED display manufacturing bases in the world. The best suppliers will be those that can provide reliable products, professional engineering support, and long-term value for global projects.
